WRPIX vs. QRPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Allspring Alternative Risk Premia Fund (WRPIX) and AQR Alternative Risk Premia Fund (QRPIX).

WRPIX is managed by Wells Fargo Funds. It was launched on Jan 28, 2019. QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017.

Performance

WRPIX vs. QRPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Alternative Risk Premia Fund (WRPIX) and AQR Alternative Risk Premia Fund (QRPIX). The values are adjusted to include any dividend payments, if applicable.

WRPIX vs. QRPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WRPIX Allspring Alternative Risk Premia Fund	9.08%	5.37%	11.23%	-0.06%	10.44%	6.84%	-16.77%	-2.86%
QRPIX AQR Alternative Risk Premia Fund	8.52%	23.39%	18.85%	7.23%	25.26%	14.27%	-21.04%	-4.22%

Returns By Period

In the year-to-date period, WRPIX achieves a 9.08% return, which is significantly higher than QRPIX's 8.52% return.

WRPIX

• 1D: 0.45%
• 1M: 4.59%
• YTD: 9.08%
• 6M: 12.89%
• 1Y: 11.70%
• 3Y*: 8.20%
• 5Y*: 7.80%
• 10Y*: —

QRPIX

• 1D: 0.00%
• 1M: -0.80%
• YTD: 8.52%
• 6M: 13.42%
• 1Y: 20.08%
• 3Y*: 19.92%
• 5Y*: 17.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WRPIX vs. QRPIX - Expense Ratio Comparison

WRPIX has a 0.72% expense ratio, which is lower than QRPIX's 1.40% expense ratio.

QRPIX

AQR Alternative Risk Premia Fund

WRPIX

Allspring Alternative Risk Premia Fund

Return for Risk

WRPIX vs. QRPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WRPIX

WRPIX Risk / Return Rank: 64
WRPIX Sharpe Ratio Rank: 80
WRPIX Sortino Ratio Rank: 76
WRPIX Omega Ratio Rank: 76
WRPIX Calmar Ratio Rank: 61
WRPIX Martin Ratio Rank: 27

QRPIX

QRPIX Risk / Return Rank: 82
QRPIX Sharpe Ratio Rank: 89
QRPIX Sortino Ratio Rank: 85
QRPIX Omega Ratio Rank: 87
QRPIX Calmar Ratio Rank: 79
QRPIX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WRPIX vs. QRPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and AQR Alternative Risk Premia Fund (QRPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	WRPIX	QRPIX	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.82	-0.36
Sortino ratio Return per unit of downside risk	1.90	2.23	-0.33
Omega ratio Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio Return relative to maximum drawdown	1.41	1.88	-0.46
Martin ratio Return relative to average drawdown	2.89	6.37	-3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WRPIX vs. QRPIX - Sharpe Ratio Comparison

The current WRPIX Sharpe Ratio is 1.46, which is comparable to the QRPIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of WRPIX and QRPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WRPIX	QRPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.82	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	1.50	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.74	-0.35

Correlation

The correlation between WRPIX and QRPIX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WRPIX vs. QRPIX - Dividend Comparison

WRPIX's dividend yield for the trailing twelve months is around 6.57%, more than QRPIX's 1.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
WRPIX Allspring Alternative Risk Premia Fund	6.57%	7.16%	3.25%	4.66%	15.23%	0.00%	0.00%	1.76%	0.00%
QRPIX AQR Alternative Risk Premia Fund	1.33%	1.45%	2.24%	4.52%	0.00%	4.08%	1.98%	0.85%	0.09%

Drawdowns

WRPIX vs. QRPIX - Drawdown Comparison

The maximum WRPIX drawdown since its inception was -21.67%, smaller than the maximum QRPIX drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for WRPIX and QRPIX.

Drawdown Indicators

	WRPIX	QRPIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-28.45%	+6.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-11.07%	+2.88%
Max Drawdown (5Y) Largest decline over 5 years	-8.72%	-11.29%	+2.57%
Current Drawdown Current decline from peak	0.00%	-0.93%	+0.93%
Average Drawdown Average peak-to-trough decline	-7.49%	-7.80%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.26%	+0.74%

Volatility

WRPIX vs. QRPIX - Volatility Comparison

Allspring Alternative Risk Premia Fund (WRPIX) has a higher volatility of 2.64% compared to AQR Alternative Risk Premia Fund (QRPIX) at 2.51%. This indicates that WRPIX's price experiences larger fluctuations and is considered to be riskier than QRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRPIX	QRPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.51%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	5.68%	6.47%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	11.44%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.11%	11.74%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.12%	10.36%	-3.24%